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Report No. : |
349856 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
MOTTOX INC |
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Registered Office : |
1-6-20 Kosaka-Honmachi Higashi-Osaka Osaka-Pref 577-0802 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2015 |
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Date of Incorporation : |
March, 1954 |
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Com. Reg. No.: |
1220-01-007324 (Osaka-Higashi-Osaka) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import and Wholesale of Wines, Sake, Shochu, Other. |
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No. of Employees : |
140 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 323.0 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
JAPAN - ECONOMIC
OVERVIEW
In the years following World War II, government-industry
cooperation, a strong work ethic, mastery of high technology, and a
comparatively small defense allocation (1% of GDP) helped Japan develop an
advanced economy. Two notable characteristics of the post-war economy were the
close interlocking structures of manufacturers, suppliers, and distributors,
known as keiretsu, and the guarantee of lifetime employment for a substantial
portion of the urban labor force. Both features are now eroding under the dual
pressures of global competition and domestic demographic change. Scarce in many
natural resources, Japan has long been dependent on imported raw materials.
Since the complete shutdown of Japan’s nuclear reactors after the earthquake and
tsunami disaster in 2011, Japan's industrial sector has become even more
dependent than it was previously on imported fossil fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been impressive - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the aftereffects of inefficient investment and an
asset price bubble in the late 1980s that required a protracted period of time
for firms to reduce excess debt, capital, and labor. Modest economic growth
continued after 2000, but the economy has fallen into recession four times
since 2008. Government stimulus spending helped the economy recover in late
2009 and 2010, but the economy contracted again in 2011 as the massive 9.0
magnitude earthquake and the ensuing tsunami in March of that year disrupted
manufacturing. The economy has largely recovered in the four years since the
disaster, although reconstruction in the affected Tohoku region has lagged, in
part due to a shortage of labor in the construction sector. Japan enjoyed a
sharp uptick in growth in 2013 on the basis of Prime Minister Shinzo Abe’s
“Three Arrows” economic revitalization agenda - dubbed “Abenomics” - of
monetary easing, “flexible” fiscal policy, and structural reform. Abe’s
government has replaced the preceding administration’s plan to phase out
nuclear power with a new policy of seeking to restart nuclear power plants that
meet strict new safety standards, and emphasizing nuclear energy’s importance
as a base-load electricity source. Japan joined the Trans-Pacific Partnership
(TPP) negotiations in 2013, a pact that would open Japan's economy to increased
foreign competition and create new export opportunities for Japanese
businesses. Measured on a purchasing power parity (PPP) basis that adjusts for
price differences, Japan in 2014 stood as the fourth-largest economy in the
world after first-place China, which surpassed Japan in 2001, and third-place
India, which edged out Japan in 2012. While seeking to stimulate and reform the
economy, the government must also devise a strategy for reining in Japan's huge
government debt, which amounts to more than 230% of GDP. To help raise
government revenue, Japan adopted legislation in 2012 to gradually raise the
consumption tax rate to 10% by 2015, beginning with a hike from 5% to 8%
implemented in April 2014. That increase had a contractionary effect on GDP,
however, so PM Abe in late 2014 decided to postpone the final phase of the
increase until April 2017 to give the economy more time to recover. Led by the
Bank of Japan’s aggressive monetary easing, Japan is making progress in ending
deflation, but demographics - low birthrate and an aging, shrinking population
- pose major long-term challenges for the economy.
|
Source
: CIA |
MOTTOX INC
REGD NAME: KK
Mottox
MAIN OFFICE: 1-6-20
Kosaka-Honmachi Higashi-Osaka Osaka-Pref 577-0802 JAPAN
Tel: 06-6723-3131 Fax: 06-6723-3140
URL: http//:www.mottox.co.jp
E-mail: (thru the URL)
Import, wholesale
of wines, sake, shochu, other
Tokyo
At the caption address, Osaka
ATSUSHI HIRAOKA,
PRES Taichi Teranishi, ch
Taisuke Teranishi, v pres Yoshikazu Niimura, s/mgn dir
Hajime Mihi, mgn dir Kiyoichi Nakajima, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 11,163 M
PAYMENTSNo Complaints CAPITAL Yen 30 M
TREND UP WORTH Yen 3,377 M
STARTED 1954 EMPLOYES 140
IMPORTER OF
WINES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 323.0 MILLION, 30 DAYS NORMAL TERMS
The subject
company was established originally in 1915 by A Teranishi for selling Japanese sake,
on his account. Incorporated in 1954 the
firm has been succeeded by his descendants.
This is a trading firm, wholly owned and operated by the Teranishi
family, for import and wholesale of wines centrally, Japanese sake, shochu,
other. 90% of wines are imported from
Europe, such as France, Germany, UK, Italy, other. Goods are wholesaled to wine/sake retailers.
The sales volume
for Jan/2015 fiscal term amounted to Yen 11,163 million, a 9% up from Yen
10,222 million in the previous term.
Wine imports were robust. The
recurring profit was posted at Yen 416 million and the net profit at Yen 261
million, respectively, compared with Yen 222 million recurring profit and Yen
251 million net profit, respectively, a year ago. .
For the current
term ending Jan 2016 the recurring profit is projected at Yen 430 million and
the net profit at Yen 280 million, respectively, on a 5% rise in turnover, to
Yen 11,720 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 323.0
million, on 30 days normal terms.
Date Registered: Mar 1954
Regd No.:
1220-01-007324
(Osaka-Higashi-Osaka)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 460,000 shares
Issued: 184,000 shares
Sum: Yen 30 million
Major
shareholders (%): Taichi Teranishi (26),
Taisuke Teranishi (23), Ippei Teranishi (21), Junko Teranishi (16)
No. of shareholders: 7
Nothing detrimental
is known as to the commercial morality of executives.
Activities: Imports and
wholesales wines from Europe (80%); wholesales Japanese sake, shochu, other
(--20%).
Clients: Sake retail
stores, chain stores, wholesalers, other] Itochu Foods, Takanoi Shuzo, other
No. of accounts:
350
Domestic areas of
activities: Centered in greater-Osaka
Suppliers: [Mfrs,
wholesalers] Imports wines from France, Germany, UK, Italy, and other wineries
in 14 countries (90%), Itochu Foods, Takanoi Shuzo, Kikusui Sake Co, other.
Payment record: Regular
Location: Business area in
Higashi-Osaka. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
SMBC (Kosaka)
Osaka City Shinkin
Bank (Kosaka-Ekimae)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
31/01/2016 |
31/01/2015 |
31/01/2014 |
31/01/2013 |
|
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Annual
Sales |
|
11,720 |
11,163 |
10,222 |
9,356 |
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Recur.
Profit |
|
430 |
416 |
222 |
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Net
Profit |
|
280 |
261 |
251 |
179 |
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Total
Assets |
|
|
7,147 |
6,485 |
6,054 |
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Current
Assets |
|
|
5,443 |
4,991 |
|
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Current
Liabs |
|
|
1,277 |
978 |
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Net
Worth |
|
|
3,377 |
3,131 |
2,893 |
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Capital,
Paid-Up |
|
|
30 |
30 |
30 |
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Div.P.Share(¥) |
|
|
200.00 |
200.00 |
200.00 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
4.99 |
9.21 |
9.26 |
7.29 |
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Current Ratio |
|
.. |
426.23 |
510.33 |
.. |
|
N.Worth Ratio |
|
.. |
47.25 |
48.28 |
47.79 |
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R.Profit/Sales |
|
3.67 |
3.73 |
2.17 |
.. |
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N.Profit/Sales |
|
2.39 |
2.34 |
2.46 |
1.91 |
|
Return On Equity |
|
.. |
7.73 |
8.02 |
6.19 |
Notes: Forecast (or estimated) figures for the 31/01/2016
fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.